Crypto savings and lender Celsius has announced the successor to their ousted CFO, amid uncertainty over American crypto regulation.
And he also worked for BOFA and CITI bank as a CFO. 20+ yrs in biggest banks in the world as a top guy now moving in to Celsius means it definitely something.
— Berman (@CELindian) February 19, 2022
Celsius, which bills itself as the leading global cryptocurrency lending and borrowing platform, hired Rod Bolger as their new Chief Financial Officer (CFO). Bolger replaces interim CFO Roni Cohen-Pavon.
- Cohen-Pavon took the position after the previous CFO Yaron Shalem was arrested for money laundering charges. Celsius had previously announced that they had suspended Yaron Shalem. There has been no update on Shalem’s case since his charges were announced back in November of 2021.
- Bolger comes to Celsius with a lot of experience. He was the CFO for Canada’s largest bank RBC, and also had stints at Bank of America, Citigroup, and Price Waterhouse Cooper.
- “Rod is not just a world class CFO but a master builder, which will be critically important as we grow Celsius and CelsiusX to lead the Crypto revolution and show the world that doing good – and then doing well – is the best business model.” said Celsius CEO Alex Mashinsky.
- Celsius competitor BlockFi recently settled with the SEC, agreeing to pay 100 million USD. “Crypto lending platforms offering securities like BlockFi’s BIAs should take immediate notice of today’s resolution and come into compliance with the federal securities laws,” said Gurbir Grewal of the SEC.
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